Friday, February 23 2018 17:54

ArmInfo. The Minister of  Economic Development and Investments of Armenia Suren Karayan and the  Ambassador of Belarus to the RA discussed the development of economic  ties between the two countries on February 23, as well as the  implementation of the agreements reached during the meeting of the  Armenian-Belarusian intergovernmental commission.

In particular, according to the press service of the RA Ministry of  Economic Development and Investments, Suren Karayan and Igor Nazaruk  discussed prospects for cooperation around the establishment of an  enterprise for the collection of vehicles. It was noted that in the  near future, the Belarusian working group will visit Armenia in order  to strengthen cooperation in transport and logistics.

The sides touched upon the issues of import substitution of goods  within the borders of the EAEU.

Minister Karayan and Ambassador Nazaruk also noted the importance of  strengthening cooperation with the Bank for Development of the  Republic of Belarus.

According to the National Statistical Service of Armenia, the foreign  trade turnover between Armenia and Belarus for January-December 2017  reached $ 44.6 million, with an annual growth of 21.5%. In the trade  turnover of the two countries, the Armenian export amounted to $ 6.9  million, a decline of 48.3%, and imports to Armenia grew by 61.7% to  $ 37.7 million.